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BB&T Declares Q3 Dividends

The company will pay its next common and preferred stock distributions in early September.

The vault is open at BB&T(NYSE:BBT) and dividends are flowing to investors. The financial services company has declared its latest set of distributions, most prominently a common stock payout of $0.23 per share. It will also hand out disbursements to holders of its Series D, E, F, and G preferred stock. For Series D, this will amount to $365.625 (the equivalent of $00.365625 per depositary share, which represents 1/1000th interest in the underlying security). For Series E, $351.5625 ($0.3515625), and for both Series F and G, $325.00 ($0.325).

All distributions will be paid on September 3 to holders of the relevant securities as of August 9.

The just-declared common stock dividend annualizes to $0.92 per share. That yields 2.6% at BB&T's most recent closing stock price of $35.73.

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Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.